REG - Zhejiang Yongtai - Notice of the Second EGM in 2025

Zhejiang Yongtai Technology CoAnnouncement

31/07/2025 13:15

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RNS Number : 4473T  Zhejiang Yongtai Technology Co Ltd  31 July 2025

ZHEJIANG YONGTAI TECHNOLOGY CO., LTD.

(GDR under the symbol: "YTT")

(a joint stock company established under the laws of the People's Republic of
China with limited liability)

Notice of the Second EGM in 2025

NOTICE IS HEREBY GIVEN that the Second extraordinary General meeting in 2025
of Zhejiang Yongtai Technology Co., Ltd. (hereinafter referred to as the
"Company") will be held at conference room on the second floor of the
company's office building, No. 1 Donghai Fourth Avenue, Linhai Park, Zhejiang
Chemical API Base, Zhejiang Province, China, on Thursday, 21 August 2025 at
15:00 (Beijing Time), for the purpose of considering, and if thought fit,
passing the following resolution.

Special Resolution

1. To Repurchase and Cancellation of Partial Restricted Shares Granted but not
yet Unlocked to Participants

2.To Change the Registered Capital of the Company and Amend the Articles of
Association

 

Board of Directors

Zhejiang Yongtai Technology Co., Ltd.

31 July 2025

Special Resolutions

Resolution 1: To Repurchase and Cancellation of Partial Restricted Shares
Granted but not yet Unlocked to Participants

To all Shareholders and Shareholders' proxies,

In accordance with the relevant provisions of the 2024 Equity Incentive Scheme
of the Company, the Company repurchased and cancelled 153,159 restricted
shares that had been granted but not yet unlocked due to the performance
appraisal targets at company level not being fully met, as well as 120,000
restricted shares that had been granted but not yet unlocked to four
participants who were no longer eligible for unlocking. A total of 273,159
restricted shares that had been granted but not yet unlocked were repurchased
and cancelled at a repurchase price of RMB4.30.

Resolution 2：To Change the Registered Capital of the Company and Amend the
Articles of Association

To all Shareholders and Shareholders' proxies,

The Company intends to repurchase and cancel 273,159 restricted shares that
had been granted but not yet unlocked, which did not meet the conditions for
unlocking during the first unlocking period of the 2024 Equity Incentive
Scheme. Upon completion of the repurchase and cancellation of the
aforementioned restricted shares, the registered capital of the Company will
be changed from RMB925,400,795 to RMB925,127,636, and the total number of
shares will be changed from 925,400,795 shares to 925,127,636 shares.

Due to a reduction in the registered capital of the Company, in accordance
with provisions of relevant laws, regulations and normative documents
including the Company Law, the Securities Law and the Guidelines on the
Articles of Association of Listed Companies, the Company proposes to amend the
registered capital and total number of shares in the Articles of Association.
Details of the specific amendments are set out as below:

 No.       Original Articles of the Articles of Association                                Amended Articles of the Articles of Association after amendments
 1.        Article 6 The registered capital of the Company is RMB925,400,795.              Article 6 The registered capital of the Company is RMB925,127,636.
 2.        Article 21 The total number of issued shares of the Company is 925,400,795      Article 21 The total number of issued shares of the Company is 925,127,636
           shares, all of which are ordinary shares with a par value of RMB 1 per share.   shares, all of which are ordinary shares with a par value of RMB 1 per share.

Except for the above clauses, other clauses of the Articles of Association
remain unchanged. The aforesaid changes shall be subject to the contents
approved by the market regulation administration.

 

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